The Australian Competition and Consumer Commission (ACCC) has taken a firm stance in the ongoing debate regarding the market influence and pricing strategies of major supermarket chains Woolworths and Coles. In a submission to the Greens-led Senate inquiry, the ACCC advocates for the implementation of measures to address unfair trading practices and a reform of […]
ACCC Submits to Senate Inquiry on Supermarkets Read More »
Woolworths CEO Brad Banducci has acknowledged several mistakes and miscommunications during his tenure, including mishandled announcements and the improper labelling of former ACCC boss Rod Sims as “retired.” He has expressed regret and announced his planned retirement from one of Australia’s most challenging corporate roles. With ongoing scrutiny from both political and community fronts on
Woolworths CEO Brad Banducci Announces Retirement Amid Challenges Read More »
In the heart of bustling inner-city suburbs, a transformation is quietly taking place. The familiar landscape of sprawling supermarkets is evolving into something more tailored, more boutique — meet the rise of the “metro” or “local” grocery stores. These new iterations, often bearing the Woolworths or Coles brand, are smaller in size but big on
The Changing Face of Inner-City Supermarkets Read More »
Coles Supermarkets has been found profiting from increased prices at the checkout, despite claiming to prioritise keeping grocery bills low. Leaked emails have shed light on Coles’ tactics with suppliers seeking price hikes and its exploitation of inflation. This isn’t an isolated incident. Industry insiders reveal that Woolworths has also engaged in similar practices over
Leaked Emails Reveal Coles and Woolworths Profiting from Price Increases Read More »
In commerce, the voice of experience often resonates with authority, shedding light on intricate dynamics that evade the casual observer. Ralph Waters, former chairman of Woolworths, Australia’s retail titan, emerges from the shadows of corporate silence to deliver a resounding verdict on the storm brewing around supermarket pricing. With a tenure spanning from 2011 to
Former Woolworths Chairman Unveils ‘Truth’ on Supermarket Price Gouging Debate Read More »
Prime Minister Anthony Albanese is taking steps towards implementing more stringent controls on Australia’s largest supermarkets, aiming to reduce prices and address public concerns about living costs. Albanese is open to empowering the Australian Competition and Consumer Commission (ACCC) with greater authority, particularly after the ACCC raised concerns about the inadequacy of merger laws in
The leader of one of the nation’s largest networks of independent supermarkets has observed the emergence of a “two-speed” market. In this evolving landscape, some shoppers are opting for store-brand and discounted items, while more affluent households are selecting higher-priced groceries and premium meat cuts. The primary factors driving this division in the $135 billion
Diverging Supermarket Trends Amid Economic Challenges Read More »
Some shoppers in Tasmania are pledging to boycott supermarkets that compel them to use self-serve checkouts when paying for their groceries, opting for stores with attendants instead. An unhappy shopper, dissatisfied with recent changes at Coles Kingston, rekindled the ongoing online debate on Tuesday night and declared they would not return due to the loss
Shoppers in Tasmania Express Concerns Over Mandatory Self-Service Checkouts Read More »
The Crucial Role of Leadership in Supermarkets Effective leadership is paramount for the prosperity of any business, and it is especially vital for the supermarket sector. Businesses consist of a myriad of individuals operating in various sectors, and it’s the guidance from leadership that provides cohesion and sets the course for future endeavours. In this
Why Leadership is Important for Running a Supermarket Read More »
Metcash, a prominent wholesaler with a vast network of supermarkets, liquor, and hardware retail outlets, has initiated a review of its chief supermarket division. This move arises due to the growing competition in the food and grocery sector, with the company looking to reduce costs, potentially leading to layoffs at its headquarters. To facilitate the
Metcash Evaluates Costs and Structure of Leading Supermarket Division Read More »
Vivienne Mitchell’s brief TikTok video conveys a powerful message that has garnered widespread attention. Highlighting the economic disparities, she notes in her video, “In Australia, some have to work for two hours to buy an eight-pack of razors.” She contrasts this with a subsequent clip of the razors priced at $10 in a different store.
Rising Profits Spark Debate on Supermarket Dominance in Australia Read More »
A mischief-maker has been altering promotional labels in two leading supermarkets to express discontent over the rising living costs. This action follows the announcement of Coles and Woolworths generating a staggering $1.1bn and $1.6bn in profits, respectively last financial year. These altered tags, which look like discount price labels, have been appearing in both supermarket
Activists Use Mock Tags to Highlight Cost-of-Living Crisis Read More »
Australia’s major supermarket chains have begun shipping samples of soft plastics overseas to be recycled, as they grapple with the aftermath of the collapsed REDcycle scheme, which resulted in thousands of tonnes of stockpiled plastics. Coles and Woolworths assumed responsibility for the plastic stockpiles in February, after REDcycle went into liquidation and left creditors, including
Aussie Supermarkets Export Plastics for Recycling After REDcycle Collapse Read More »
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